Users can access global trade flows data through our data service. Global waterborne and pipeline crude oil exports were lower by 2.38 mb/d m/m in January at 45.05 mb/d. OPEC+ agreed on 6 December 2018 to lower production levels by 1.2 mb/d and their exports have been gradually falling..
The turnabout in the physical crude market has been impressive, although price rises are being aided by tightness caused by temporary factors such as weather disruptions and production outages. But even before these disruptions, the crude market had not been trading as if peak refinery turnaround..